- Approval reinforces Mondelēz International’s commitment to its mission to create a more sustainable snacking company
"We are proud to have SBTi approve our 2030 targets and our 2050 net-zero target as it further strengthens our commitment to more sustainable snacking," said Christine Montenegro McGrath, Chief Impact and Sustainability Officer. "We are on our way toward our net-zero ambition and helping make sustainability a reality.”
“Our ESG approach is designed to enable us to deliver lasting change at scale by prioritizing where we can have the greatest impact, focusing on innovative and measurable solutions, and collaborating to drive sector-wide transformation,” said Chairman and CEO
Mondelēz International made significant progress against these goals in 2023, including:
- Reducing end-to-end CO2e emissions by ~(3.7)%, on track for ~35% reduction end-to-end by 2030 (from a 2018 base year)1
- In 2023, ~48% of the electricity used in our manufacturing sites was renewable, compared to ~40% in 20222
- In 2023, ~96% of our packaging was designed to be recyclable3
- We are on track for cocoa, palm, soy and paper materials to be deforestation free by the end of this year in the EU and by the end of 2025 globally
These efforts support the company’s Vision 2030 long-term growth strategy, which includes Sustainability as a critical pillar.
To learn more about our science-based targets, please visit the ESG at MDLZ | Mondelēz
About Mondelēz International
Mondelēz
Contacts: | 1-847-943-5678 news@mdlz.com |
1 Reported information following Science Based Targets initiative (SBTi) guidelines for near-term 2030 target excludes Capital Goods, Upstream Transportation and Distribution of Raw Materials, Business Travel Accommodation, Employee Commuting, Downstream Transportation at Customer, Consumer Use of Sold Products and End of Life Treatment. The long-term 2050 target excludes these same categories, except for Capital Goods, Upstream Transportation and Distribution of Raw Materials and Employee Commuting. The footprint includes all acquisitions and divestitures to date except for
2 Reported information excludes developed-market gum brands, which were divested as of
3 Reported information covers the period from
A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d3f9efe2-8fcc-469b-b829-ef3550e86770
Source:
2024 GlobeNewswire, Inc., source